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Investigation announced for Long-Term Investors in shares of HF Foods Group Inc. (NASDAQ: HFFG)

08-01-2020 01:15 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in HF Foods Group Inc. (NASDAQ: HFFG) shares.

An investigation on behalf of current long term investors in HF Foods Group Inc. (NASDAQ: HFFG) shares.

An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of HF Foods Group Inc..

Investors who are current long term investors in HF Foods Group Inc. (NASDAQ: HFFG) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: HFFG stocks follows a lawsuit filed against HF Foods Group Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: HFFG stocks, concerns whether certain HF Foods Group directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that HF Foods engaged in undisclosed related party transactions, that HF Foods insiders and related parties were enriching themselves by misusing shareholder funds, that HF Foods was “gaming” the FTSE/Russell Index by masking the true number of shares free floating, and that as a result, defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

Those who purchased shares of HF Foods Group Inc. (NASDAQ: HFFG) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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